dandigirl
15 Apr 2015
Re: Massive Pre-Close RNS sp beginning to move at long last. Patience being rewarded.
mantrova
15 Apr 2015
New tp today - 20p 15 Apr 2015 PCF Westhouse Securities Buy 17.25p New Tp 20.00p Reiteratesm
mantrova
15 Apr 2015
Massive Pre-Close RNS PCF not much given to shouting it from the rooftops, so this must be seriously good![link] a very realistic target.m
Omaha man
14 Apr 2015
Re: Target price 17.3p - BUY. Not wanting to put a dampener on things but given how annoyingly large the spread always is on this, if it actually did reach 17.3p middle, then the bid would probably be 16.5, ie 0.5p above the current offer.
mantrova
14 Apr 2015
Re: Target price 17.3p - BUY. Separately, from a service which I pay for, I have located PG's forecast for 13-4-2015 which has 1.2p of eps and 0.3p div for 2015....2016 numbers are 1.48p and 0.4pm
mantrova
14 Apr 2015
Re: Target price 17.3p - BUY. 08 Apr Panmure Gordon Buy 15.50sp 17.30tp 17.30tp ReiteratesI didn't see any PG report - just the mention of their tp on one of the lists of brokers' upgrade/downgrades.m
Roundish
13 Apr 2015
Re: Target price 17.3p - BUY. Do you have a copy of it. I tried their website but Panmure Gordon want to deluge me with marketing just to access the report (which is less than appealing).Either way, nice up tick today.
mantrova
08 Apr 2015
Target price 17.3p - BUY. per Panmure Gordon, today.mP.S - whilst you can! m
Roundish
09 Dec 2014
Re: Half Yearly Report It is painful to start a bank and the regulatory process is long and cumbersome. In essence you have to have everything in place before you get your license with all of the costs but none of the cheap deposits hence this will continue to be costly in the short term.However, most of these costs can and will no doubt be capitalised and hence the impact on cash will be real but the impact on P&L less so. The longer term of access to cheap deposits is however a worthwhile pursuit and hence as a small cap - this is a brave move and one that if it pays off, will be a huge asset for the business. The cheapest you can get an EU banking license for is circa £5m. Once they have it, the benefits will build and build resulting in a transformation of this business in my view hence I fully support this strategy even though cash will be tight for the time being.Not without risk - but if we all wanted risk free bets we would be getting risk free returns!
dandigirl
26 Nov 2014
Re: Half Yearly Report A quote below from the FT on Paragon's latest release. £6.4m to start a bank! That's a cost that not many can afford and certainly not PCF.""Paragon’s profits would have been higher had it not been for a £6.4m loss as a result of costs associated with establishing its new bank, which launched in February"".
dandigirl
26 Nov 2014
Re: Half Yearly Report Krayl: I agree the excuse looks a little lame and that it doesn't look like PCF will be granted a licence anytime soon. I was struck by the words "We are currently selecting suitable IT systems and completing the regulatory business plan, and whilst this project is approximately three months behind plan, we remain confident it will progress in the first half of 2015". 'Progress' is one thing but the words suggest that there is months of work to be done. If a licence comes next year that would be great but don't hold your breath. The business is tiny and the FCA will want to be sure that the BP is robust.The business does appear to be OK although I would say better than that.I have a modest holding showing a modest profit but I would like to see further progress before adding more.
Krayl
26 Nov 2014
Half Yearly Report "The anticipated timetable for obtaining a Banking Licence has been affected by our recent office move, but we are confident that our proposition remains a compelling one."That sounds a lame excuse. It's plain bad management to let a move interfere with your plans. The prospects without a banking licence look OK, but gaining a banking licence is THE thing for a good rise in the share price. It doesn't sound like a Banking Licence is coming soon - what do others think?
